Signature Bank was the target of a US criminal probe before it was seized, report says
US investigators are looking into whether Signature adequately carried out checks on the background of people opening accounts and whether it scrutinized transactions for red flags of criminal activity.
"I think, if it hadn't been for FTX and the extreme nervousness about crypto, that this wouldn't have happened — even to SVB or to us," heShares in US regional banks cratered Monday in the wake of the failure of Signature and SVB, as investors fretted about the risk they could face the same financial difficulties.
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